Hyundai Motor Wage Negotiations Stalled... Strike Vote Scheduled for the 1st of Next Month

Union Holds Temporary Delegate Meeting and Resolves to Initiate Strike

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The Hyundai Motor Company (Hyundai Motor) labor union announced on the 28th that it has resolved to initiate a dispute (strike). On the same day, the union held an extraordinary delegates' meeting at the Hyundai Motor Cultural Center in Buk-gu, Ulsan, and passed the resolution to initiate the dispute unanimously.

The union plans to conduct a strike vote among all union members on the 1st of next month.

Earlier, on the 22nd, the union declared the breakdown of negotiations and the following day applied for dispute mediation at the Central Labor Relations Commission. The commission judged that the gap between labor and management positions was significant and decided to suspend mediation. If the dispute resolution is approved in the union members' vote, the union will obtain the right to strike.

Representatives of labor and management have met 12 times since the initial negotiation meeting on the 10th of last month but have not come close to an agreement. The union has demanded a basic wage increase of 165,200 won (excluding step increases), a 30% performance bonus based on net profit, and the actualization of allowances. Separate demands include new personnel recruitment, extension of retirement age, job security, abolition of the wage peak system, and establishment and investment in domestic factories related to the future car industry.

This content was produced with the assistance of AI translation services.